Securities Credit Derivatives

More

  • TOKYO, May 10- Japanese government bonds slipped on Tuesday as gains in equities offset solid results of a 10- year JGB auction. The benchmark 10- year JGB yield added 1.5 basis points to minus 0.095 percent, while the 10- year JGB futures contract ended down 0.03 point at 151.80. as the Nikkei stock index finished 2.2 percent higher. Japan's Ministry of Finance...

  • CHICAGO, April 15- Illinois is seeking legal help as its deteriorating credit standing threatens to end bond-related deals with banks at a big cost to the cash-strapped state, according to a government website. A week ago, Illinois advertised for an outside law firm to assist with potential termination of interest-rate swap transactions and with replacing...

  • *China consider developing CDS market- sources. *More bond defaults being allowed in China, but cautiously. SHANGHAI, March 31- In a sign China is exploring ways to allow more bond defaults without destabilizing the market, a state body has circulated plans to introduce credit-default swaps and other derivatives, sources said, so investors can hedge risk in its...

  • SHANGHAI, March 30- China has circulated plans to introduce credit-default swaps and other derivatives so investors can hedge risk in its $7.5 trillion bond market, sources said, a sign regulators want to allow more defaults without destabilizing the market. Sources said that the China's National Association of Financial Market Institutional Investors, a...

  • TOKYO, March 22- Japanese government bond prices gained on Tuesday, with the 30- year yield reaching a new record low, as investors reinvested proceeds from maturing debt back into the market. June 10- year JGB futures nudged up 0.02 point to 151.73. The 30- year yield touched a life-time low of 0.455 percent.

  • *Oil slump left Nigeria short of funds to import oil products. LONDON/ ABUJA, March 17- Nigeria is set to ramp up the amount of crude oil it swaps for vital gasoline imports by more than a third as it grapples with the worst economic crisis in years and upheaval in its graft-ridden energy sector. A more than 60 percent drop in global oil prices since 2014 has hammered...

  • SEOUL, March 10- South Korea's central bank kept its policy on hold on Thursday and its chief suggested he was not ready to ease policy soon, dampening bond futures prices and bolstering the won currency. The Bank of Korea's monetary policy committee held the policy rate steady at record-low 1.50 percent for a ninth consecutive month. "We will have to see what oil...

  • NEW YORK, Feb 29- Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or demand tougher terms. "Investors are less desperate now since they've already taken a lot of the pain," said Roopesh Shah, global chief of Goldman Sachs'...

  • NEW YORK, Feb 11- Goldman Sachs Group Inc has reached a $27.5 million settlement of a class-action lawsuit accusing it of defrauding investors in subprime mortgage offerings that some U.S. senators faulted after investigating causes of the 2008 financial crisis. The preliminary settlement was filed on Thursday in Manhattan federal court, and requires a...

  • TOKYO, Feb 8- Japanese government bond prices slipped on Monday after the Bank of Japan skipped its bond buying operation, forcing traders who were counting on the BOJ's bids to sell their position into the market. The 10- year JGB yield rose 1.5 basis points to 0.040 percent. The price of 10- year JGB futures dipped 0.09 point to 151.31, their first daily decline...

  • TOKYO, Feb 4- Japanese government bonds were mostly steady in cash trading on Thursday with the benchmark yield not far above a record low hit in the previous session, while JGB futures firmed in line with weaker equities. The benchmark 10- year JGB yield was flat at 0.060 percent, a day after it touched a record low of 0.045 percent. "By pushing down interest rates and...

  • Look at Apple derivative plays: Analyst

    Neil Campling, global TMT analyst at Aviate Global, says the best way to play on Apple is to look at related stocks.

  • The world’s biggest banks have agreed to tear up the rule book on derivatives to make it easier to resolve a future failing firm like Lehman Brothers.

  • Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Richmond Fed's Jeffrey Lacker said that his dissent from the central bank's exit strategy stemmed from its mortgage-backed securities plan.

  • Warren Buffett called derivatives “financial weapons of mass destruction”

    Warren Buffett famously referred to derivatives as "financial weapons of mass destruction," but unless we accept that residential mortgages are too, the phrase glorifies them into something they are not.

  • Clever finance critters are fleeing from swaps to futures, escaping the new regulatory regime that was a center-piece of Dodd-Frank.

  • man_with_chart_200.jpg

    After the unveiling of Libor rate-rigging practices among banks, eyes are turning to other markets, worrying that the manipulation would not be limited to Libor rates, the New York Times reports.

  • bank_vault_200.jpg

    Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. The New York Times reports.

  • capitol_building_flag_200.jpg

    Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street, The New York Times reports.

  • JP Morgan Chase headquarters

    JPMorgan’s next move depends on what happens in the credit markets. If investors become fearful about companies’ prospects , JPMorgan’s bet could face even bigger losses, The New York Times reports.